According to the article they pronounce it Ka-nute (Canute). Though that is not how you pronounce it here nor in Sweden, I presume it's an English version of the name. It's a very ancient name, Cnut/Canute/Knud the Great was a king of Denmark, Norway and England and son of the great KingHarald Bluetooth. Admittedly Ace really is pulling this lovely, historical name down.